Cary Street Partners Financial LLC Acquires Shares of 35,106 Masco Co. (NYSE:MAS)

Cary Street Partners Financial LLC bought a new position in shares of Masco Co. (NYSE:MAS - Free Report) during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund bought 35,106 shares of the construction company's stock, valued at approximately $2,548,000.

A number of other institutional investors have also made changes to their positions in MAS. Allworth Financial LP lifted its holdings in Masco by 17.3% in the 4th quarter. Allworth Financial LP now owns 901 shares of the construction company's stock worth $71,000 after buying an additional 133 shares in the last quarter. Equitable Trust Co. lifted its stake in shares of Masco by 1.7% in the fourth quarter. Equitable Trust Co. now owns 8,089 shares of the construction company's stock worth $587,000 after acquiring an additional 136 shares in the last quarter. Tealwood Asset Management Inc. boosted its holdings in Masco by 0.8% in the fourth quarter. Tealwood Asset Management Inc. now owns 17,921 shares of the construction company's stock valued at $1,301,000 after purchasing an additional 147 shares during the last quarter. MassMutual Private Wealth & Trust FSB grew its stake in Masco by 26.7% during the 4th quarter. MassMutual Private Wealth & Trust FSB now owns 703 shares of the construction company's stock valued at $51,000 after purchasing an additional 148 shares in the last quarter. Finally, Keybank National Association OH grew its stake in Masco by 3.8% during the 4th quarter. Keybank National Association OH now owns 4,165 shares of the construction company's stock valued at $302,000 after purchasing an additional 151 shares in the last quarter. 93.91% of the stock is owned by institutional investors and hedge funds.

Masco Price Performance

Shares of MAS opened at $60.58 on Wednesday. The company has a debt-to-equity ratio of 20.74, a current ratio of 1.75 and a quick ratio of 1.15. The company has a market cap of $12.78 billion, a P/E ratio of 16.11, a PEG ratio of 1.94 and a beta of 1.23. Masco Co. has a 12 month low of $56.55 and a 12 month high of $86.70. The stock has a fifty day moving average price of $66.15 and a 200 day moving average price of $73.78.

Masco (NYSE:MAS - Get Free Report) last released its quarterly earnings data on Wednesday, April 23rd. The construction company reported $0.87 earnings per share for the quarter, missing analysts' consensus estimates of $0.92 by ($0.05). The firm had revenue of $1.80 billion during the quarter, compared to analyst estimates of $1.84 billion. Masco had a return on equity of 838.32% and a net margin of 10.50%. The firm's revenue was down 6.5% on a year-over-year basis. During the same period last year, the business earned $0.93 EPS. On average, research analysts forecast that Masco Co. will post 4.34 earnings per share for the current year.

Masco Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, March 10th. Stockholders of record on Friday, February 21st were given a dividend of $0.31 per share. The ex-dividend date was Friday, February 21st. This is an increase from Masco's previous quarterly dividend of $0.29. This represents a $1.24 annualized dividend and a dividend yield of 2.05%. Masco's payout ratio is currently 33.88%.

Analysts Set New Price Targets

Several research firms have recently commented on MAS. Oppenheimer upgraded Masco from a "market perform" rating to an "outperform" rating and set a $89.00 target price for the company in a research note on Friday, January 10th. The Goldman Sachs Group reduced their price objective on shares of Masco from $82.00 to $73.00 and set a "buy" rating on the stock in a research note on Thursday, April 24th. Barclays set a $71.00 target price on shares of Masco and gave the stock an "overweight" rating in a research report on Thursday, April 24th. Royal Bank of Canada reduced their price target on shares of Masco from $74.00 to $62.00 and set a "sector perform" rating on the stock in a research report on Thursday, April 24th. Finally, Loop Capital set a $62.00 price objective on Masco and gave the company a "hold" rating in a report on Thursday, April 24th. Ten investment analysts have rated the stock with a hold rating, six have issued a buy rating and one has assigned a strong buy rating to the company's stock. According to data from MarketBeat.com, Masco currently has a consensus rating of "Hold" and a consensus target price of $73.10.

Insider Buying and Selling

In other Masco news, CEO Keith J. Allman sold 21,723 shares of the business's stock in a transaction dated Wednesday, February 26th. The shares were sold at an average price of $76.36, for a total transaction of $1,658,768.28. Following the sale, the chief executive officer now directly owns 60,267 shares in the company, valued at approximately $4,601,988.12. The trade was a 26.49 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, VP Renee Straber sold 3,139 shares of the company's stock in a transaction that occurred on Tuesday, March 11th. The stock was sold at an average price of $71.78, for a total transaction of $225,317.42. Following the completion of the sale, the vice president now directly owns 33,027 shares of the company's stock, valued at approximately $2,370,678.06. This represents a 8.68 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Corporate insiders own 0.50% of the company's stock.

Masco Profile

Masco Corporation designs, manufactures, and distributes home improvement and building products in North America, Europe, and internationally. The company's Plumbing Products segment offers faucets, showerheads, handheld showers, valves, bath hardware and accessories, bathing units, shower bases and enclosures, sinks, toilets, acrylic tubs, shower trays, spas, exercise pools, and fitness systems; brass, copper, and composite plumbing system components; connected water products; thermoplastic solutions, extruded plastic profiles, specialized fabrications, and PEX tubing products; and other non-decorative plumbing products.

Want to see what other hedge funds are holding MAS? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Masco Co. (NYSE:MAS - Free Report).

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.